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BDO funds projects to address water crisis
The Philippine Star
|March 08, 2024
Three major projects that address water scarcity and preserve clean water resources benefited from a $100-million blue bond issuance of BDO Unibank Inc. (BDO).
"We are committed to finance eco-friendly initiatives and innovative practices that nurture the environment and present opportunities for economic growth," Federico Tancongco, senior vice president and chief compliance officer of BDO said.
BDO issued its maiden blue bond through an investment from the International Finance Corp. (IFC) in May 2022, marking the first private sector blue bond issuance by a commercial bank in Southeast Asia. It was also the first to follow IFC's guidelines for blue finance.
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